Joint Venture (JV)

What is a Joint Venture (JV)? A joint venture (JV) is a commercial enterprise in which two or more organizations combine their resources to gain a tactical and strategic edge in the market. Companies often enter into a joint venture to pursue specific projects. The JV may be a new project with similar sets of…

External Growth

What is External Growth? External growth (also known as inorganic growth) is referred to as the growth of a company derived from using external resources and capabilities rather than internal business activities. External growth is the alternative to internal (inorganic) growth. The main advantage of external growth over internal growth is that the former provides…

Organic Growth

What is Organic Growth? Organic growth is the process by which a company expands on its own capacity. In an organic growth strategy, a business utilizes all of its resources – without the need to borrow – to expand its operations and grow the company. Organic growth is typically marked by an increase in output,…